UNITED STATES
                   SECURITIES AND EXCHANGE COMMISSION
                          Washington, DC 20549

                               FORM 10-QSB
   QUARTERLY REPORT FOR SMALL BUSINESS ISSUERS SUBJECT TO THE 1934 ACT
                         REPORTING REQUIREMENTS

[X]   QUARTERLY  REPORT  UNDER  SECTION 13 OR  15(d)  OF  THE  SECURITIES
EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2001.

[   ]  TRANSITION  REPORT PURSUANT TO SECTION 13 15(d) OF THE  SECURITIES
EXCHANGE ACT OF 1934

For the transition period from ________________to ___________________

                    Commission File Number: 000-29983






                    GLOBAL INDUSTRIAL SERVICES, INC.
         (Exact name of registrant as specified in its charter)







Nevada                000-29983                   98-0203485
(State of             (Commission           (I.R.S. Employer
organization)         File Number)       Identification No.)

14th Floor, 609 Granville Street, Vancouver, B.C. Canada V6Y 1G5
(Address of principal executive offices)

Registrant's telephone number, including area code (604) 683-8358

Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months and (2)
has been subject to such filing requirements for the past 90 days.  Yes X

There are 17,611,097 shares of common stock issued and outstanding as of
May 21, 2001.

                     PART I - FINANCIAL INFORMATION

ITEM 1.   FINANCIAL STATEMENTS

          Unaudited financial statements for the quarter ended March  31,
            2001.
                     GLOBAL INDUSTRIAL SERVICES INC.
                       CONSOLIDATED BALANCE SHEETS

<TABLE>
<S>                                     <C>               <C>
                                           March 31,        December 31,
                                              2001              2000
                                          -----------        ----------
    ASSETS
CURRENT ASSETS
  Cash and cash equivalents                  $  112,383          $  119,376
  Accounts receivable                           857,319             872,661
  Prepaid expenses                              183,575             111,206
  Inventory                                     455,607             185,801
  Due from related party                        190,192                   -
                                           ------------        ------------
     Total Current Assets                     1,799,076           1,289,044

PROPERTY AND EQUIPMENT                        3,034,786           3,089,461

OTHER ASSETS                                    124,185             106,667

GOODWILL                                        829,181             880,041
                                           ------------        ------------
     TOTAL ASSETS                          $  5,787,228        $  5,365,213
                                           ============        ============
    LIABILITIES AND STOCKHOLDERS'
EQUITY
CURRENT LIABILITIES
  Cash overdraft                              $  10,617           $  26,565
  Accounts payable                              611,710             736,335
  Payable on investments                      1,174,300           1,314,300
  Current potion of long term debt              527,319             511,581
  Deferred revenue                              236,510              36,079
  Advances payable - related party               35,000           1,050,323
                                           ------------        ------------
    Total current liabilities                 2,595,456           3,675,183

Long term debt, less current portion            855,519             923,467
                                           ------------        ------------
    Total liabilities                         3,450,975           4,598,650
                                           ------------        ------------

STOCKHOLDERS' EQUITY
  Common stock, $.001 par value;
   50,000,000shares authorized;
   19,352,764 and 9,414,346 shares
   issued and outstanding                        19,354               9,415
  Additional paid-in capital                  5,197,226           1,608,490
  Foreign currency translation adjustment     ( 27,407)            ( 4,867)
  Common stock subscription                           -                   -
  Accumulated deficit                       (2,852,920)           (846,475)
                                           ------------        ------------
    Total Stockholders' Equity                2,336,253             766,563
                                           ------------        ------------
    TOTAL LIABILITIES AND STOCKHOLDERS'
     EQUITY                                $  5,787,228        $  5,365,213
                                           ============        ============
</TABLE>


                    GLOBAL INDUSTRIAL SERVICES INC.
                 CONSOLIDATED STATEMENTS OF OPERATIONS
                              (UNAUDITED)
<TABLE>
<S>                                         <C>               <C>
                                              For the Three    For the Three

                                              Months Ended     Months Ended
                                             March 31, 2001   March 31, 2000

Revenue
  Drilling Services                               $  684,633             $   -
  Engineering Services                               607,691                 -
                                               -------------       -----------
                                                   1,292,324                 -

Operating Costs
  Drilling Services                                  472,162
  Engineering Services                               316,123
                                               -------------       -----------
                                                     788,285                 -

Operating Profit                                     504,039                 -

General and administrative expense                 2,474,621             4,000
Amortization of goodwill                              50,860                 -
Interest Income                                     (14,997)                 -
                                               -------------       -----------

Loss from operations before income taxes         (2,006,445)          ( 4,000)

Provision for income taxes                                 -                 -
                                               -------------       -----------
Net loss                                       $ (2,006,445)          ( 4,000)
                                               =============       ===========
Net loss per common share - basic                  $  (0.13)            (0.00)
   and diluted                                 =============       ===========
Weighted average number of common shares
 Outstanding - basic and diluted                  16,039,958         5,000,000
                                               =============       ===========
</TABLE>






                         GLOBAL INDUSTRIAL SERVICES INC.
                        STATEMENT OF STOCKHOLDERS' EQUITY
<TABLE>
<S>                               <C>          <C>         <C>         <C>            <C>           <C>           <C>
                                                          Additional     Common       Currency
                                        Common Stock        Paid-in      Stock       Translation  Accumulated
                                     Shares     Amount      Capital  Subscriptions   Adjustment     Deficit        Total
                                    -------    --------    ---------   ----------     ---------    --------       --------

Balance at
 December 31, 1999                  4,020,000    $  4,020  $  33,934       $ 90,000       $    -  $  (52,196)     $  75,758

  Sale of common stock                210,000         210    159,790              -            -            -       160,000

  Issuance of
   stock options                            -           -    125,000              -            -            -       125,000

  Issuance of shares                  400,000         400     89,600       (90,000)            -            -             -

  Issuance of shares
   for acquisitions                 4,688,538       4,689  1,056,550              -            -            -     1,061,239

  Issuance of shares in
   settlement of payables              95,808          96    143,616              -            -            -       143,712

  Foreign currency
   translation adjustment                   -           -          -              -      (4,867)            -       (4,867)

  Net loss                                  -           -          -              -            -    (794,279)     (794,279)
                                  -----------   --------- ----------        -------     --------   ----------     ---------
Balance at
 December 31, 2000                  9,414,346       9,415  1,608,490              -      (4,867)    (846,475)       766,563

  Sale of common stock                206,667         207     74,793              -            -            -        75,000

  Issuance of shares as
   part of option agreement            25,000          25     16,225              -            -            -        16,250

  Issuance of shares
   for services                     2,357,000       2,357  1,048,643                                              1,051,000

  Issuance of shares for
   compensation                     2,500,000       2,500    974,000                                                976,500

  Issuance of shares in
   settlement of payables           4,849,751       4,850  1,475,075                                              1,479,925

  Foreign currency
   translation adjustment                   -           -          -              -     (22,540)            -      (22,540)

  Net loss                                  -           -          -              -            -  (2,006,445)   (2,006,445)
                                  -----------   --------- ----------        -------     -------- ------------   -----------
Balance at
March 31, 2001                     19,352,764   $  19,354 $5,197,226         $    -    $(27,407) $(2,852,920)    $2,336,253
                                  ===========   ========= ==========        =======     ======== ============   ===========
</TABLE>

                 GLOBAL INDUSTRIAL SERVICES INC.
              CONSOLIDATED STATEMENTS OF CASH FLOW
                           (UNAUDITED)

<TABLE>
<S>                                        <C>               <C>
                                            For the Three     For the Three
                                                Months           Months
                                           Ended March 31,     Ended March 31,
                                                 2001             2000



CASH FLOWS FROM OPERATING ACTIVITIES
  Net loss                                      $(2,006,445)        $(12,861)
  Adjustments to reconcile net loss to
   net cash provided by (used in)
   operating activities:
  Depreciation and amortization                      104,358              131
  Bad Debts                                           67,407                -
   Shares issued for option agreement                 16,250                -
   Shares issued for services                      1,051,000                -
   Shares issued for compensation                    976,500                -
  Changes in assets and liabilities

   Accounts receivable                              (52,065)            (181)
   Inventory                                       (269,806)                -
   Prepaid Expenses                                 (47,209)            2,027
   Deferred revenue                                  200,431                -
   Accounts payable                                  124,625            1,313
                                                ------------    -------------
NET CASH PROVIDED BY (USED IN)
  OPERATING ACTIVITIES                               165,046          (9,571)
                                                ------------    -------------
CASH FLOWS FROM INVESTING ACTIVITIES
  Property and equipment                               1,177          (2,500)
   Other assets                                     (17,518)                -
                                                ------------    -------------
NET CASH USED IN INVESTING ACTIVITIES               (16,341)          (2,500)
                                                ------------    -------------
CASH FLOWS FROM FINANCING ACTIVITIES
   Cash overdraft                                   (15,948)
  Sale of common stock                                75,000           18,334
  Note payable repayments                           (52,210)                -
   Payable on investments                          (140,000)                -
                                                ------------    -------------
NET CASH PROVIDED BY (USED IN) FINANCING
ACTIVITIES                                         (133,158)           18,334
                                                ------------    -------------
EFFECT OF EXCHANGE RATE CHANGES ON CASH             (22,540)            6,263
                                                ------------    -------------
NET (DECREASE) INCREASE IN CASH                      (6,993)            6,263

Cash  - beginning                                    119,376                -
                                                ------------    -------------
Cash - ending                                       $112,383          $ 6,263
                                                ============    =============
</TABLE>



                 GLOBAL INDUSTRIAL SERVICES INC.
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS



NOTE 1 -  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

          Nature of Operations
          Global   Industrial  Services  Inc.  and   Subsidiaries
          (formerly  Charger Ventures, Inc.),  ("Global"  or  the
          "Company"), was a development stage company  under  the
          provisions   of   Statement  of  Financial   Accounting
          Standards  ("SFAS") No. 7 for the year  ended  December
          31,  1999.  In the second quarter of 2000, the  Company
          acquired two operating entities and is no longer in the
          development stage.  The Company was incorporated  under
          the  laws of the State of Nevada on July 24, 1998.   On
          March  30, 2000, the Company changed its name to Global
          Industrial Services Inc.

          Interim Financial Information
          The accompanying unaudited interim financial statements
          have  been prepared by the Company, in accordance  with
          generally  accepted accounting principles  pursuant  to
          Regulation   S-B  of  the  Securities   and   Exchanges
          Commission.     Certain   information   and    footnote
          disclosures  normally  included  in  audited  financial
          statements   prepared  in  accordance  with   generally
          accepted  accounting principles have been condensed  or
          omitted.     Accordingly,   these   interim   financial
          statements  should  be  read in  conjunction  with  the
          Company's  financial statements and  related  notes  as
          contained  in  Form 10-KSB for the year ended  December
          31,  2000.   In the opinion of management, the  interim
          financial statements reflect all adjustments, including
          normal   recurring  adjustments,  necessary  for   fair
          presentation  of  the interim periods  presented.   The
          results of operations for the three months ended  March
          31,  2001 are not necessarily indicative of results  of
          operations to be expected for the full year.

          Basis of Presentation
          The   accompanying  consolidated  financial  statements
          include the accounts of Global Industrial Services Inc.
          and Subsidiaries and its wholly-owned subsidiaries

          All  significant intercompany accounts and transactions
          have been eliminated in consolidation.

          As  reflected in the accompanying financial statements,
          the Company has had recurring losses from operations, a
          negative  cash  flow  from operations  and  a  negative
          working capital.  These matters raise substantial doubt
          about  the  Company's ability to continue  as  a  going
          concern.

          In  view  of  the  matters described in  the  preceding
          paragraph,  recoverability of a major  portion  of  the
          recorded   asset  amounts  shown  in  the  accompanying
          consolidated balance sheet is dependent upon  continued
          operations of the Company, which, in turn, is dependent
          upon the Company's ability to continue to raise capital
          and  generate positive cash flows from operations.  The
          consolidated  financial statements do not  include  any
          adjustments   relating   to  the   recoverability   and
          classification of recorded asset amounts or amounts and
          classifications of liabilities that might be  necessary
          should the Company be unable to continue its existence.


                 GLOBAL INDUSTRIAL SERVICES INC.
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
           FOR THE THREE MONTHS ENDED MARCH 31, 2001


NOTE 1 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
          Management  plans to take the following steps  that  it
          believes will be sufficient to provide the Company with
          the ability to continue in existence:

         a)   Raise  additional  capital  through  the  sale   of
               capital stock
         b)   Acquire additional operating companies through  the
               issuance of capital stock and cash

          Lines of Business
          The  Company, through its subsidiary Stothert, provides
          engineering,   construction  and   project   management
          services   for   the  pulp  and  paper  industry   with
          particular  focus  on recausticizing  plants  and  lime
          kilns.   Stothert  provides a full  range  of  services
          including  feasibility  studies, detailed  engineering,
          due   diligence,   mill  audits,   project   management
          services,  turnkey supply and construction,  operations
          and   training   services,   and   project   financing.
          Stothert's business is conducted in Vancouver,  Canada.
          The Company's subsidiary AK Drilling operates primarily
          in the mineral exploration and water drilling industry.
          Its  offices are located in Montana.  AK Drilling  also
          conducts operations in Peru, through AK International.


NOTE 2 -DUE FROM RELATED COMPANY

          Advances to and from a related company are non-interest
          bearing,  unsecured  and  due on  demand.  The  related
          company is controlled by one of the stockholders of the
          Company.

NOTE 3 - ACQUISITIONS

          During the second quarter of 2000, Global completed the
          acquisition  of  AK Drilling, Inc. and Stothert  Group,
          Inc.  Both acquisitions are recorded using the purchase
          method  of  accounting  under  the  provisions  of  APB
          Opinion No. 16.

          On April 6, 2000, the Company completed its acquisition
          of AK Drilling, Inc., a company engaged in the contract
          drilling  for  minerals and water.   According  to  the
          terms of this acquisition, the Company acquired all  of
          the  capital  stock of AK Drilling, Inc.  for  a  total
          consideration  of  $1,150,000 in  cash  plus  1,000,000
          shares  of common stock of the Company valued at  $0.64
          per  share  (fair value at the acquisition  date).   At
          March  31, 2001, $628,000 of the cash portion  of   the
          purchase price remained unpaid.

          On   April   26,   2000,  the  Company  completed   its
          acquisition  of  Stothert Group, Inc.,  an  engineering
          firm.  According to the terms of this acquisition,  the
          Company  acquired all of the capital stock of  Stothert
          Group,  Inc.  for a total consideration of $814,300  in
          cash plus 227,000 shares of common stock of the Company
          valued   at  $0.88  per  share  (fair  value   at   the
          acquisition  date).    At  March 31, 2001, $546,300  of
          the cash portion of the purchase price remained unpaid.


                 GLOBAL INDUSTRIAL SERVICES INC.
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
           FOR THE THREE MONTHS ENDED MARCH 31, 2001

NOTE 4 -ACQUISITIONS (Continued)

          The   estimated  fair  value  of  assets  acquired  and
          liabilities assumed is summarized as follows:
                                        AK           Stothert
                                     Drilling          Group
                                    ---------        ---------
           Cash                      $  (80,367)        $  36,729
           Accounts receivable           436,710          997,265
           Inventory                     101,432                -
           Fixed assets                2,667,132          109,660
           Other receivables               5,511                -
           Other assets                   43,093          117,414
           Accounts payable            (122,351)        (856,816)
           Taxes payable                (63,125)                -
           Notes payable             (1,230,909)          (3,322)
           Deferred revenue                    -        (373,533)
           Goodwill                       30,374          985,642
                                    ------------      -----------
                                     $ 1,787,500      $ 1,013,039
                                    ============      ===========

          Goodwill  recorded through acquisitions  is  $1,016,016
          and  is  being  amortized over five years. Amortization
          expense recorded in the statement of operations for the
          year  ended December 31, 2000 totals $135,975  and  for
          the quarter ended March 31, 2001 was $50,858.

          The  operations  of  the acquired  entities  have  been
          included in the statement of operations from the  dates
          of acquisition.

          Additionally,  the  Company  issued  95,808  shares  of
          stock,  valued  at $143,712, to former shareholders  of
          Stothert   to  settle  accounts  payable  and   accrued
          expenses.

NOTE 5 -PROPERTY AND EQUIPMENT

          Property and equipment consist of the following:

                                          3 months ended
                                            March 31,
                                               2001
                                         -----------------

Drill Rigs                                    $2,782,838
Auto & Trucks                                    481,348
Equipment                                        434,229
Computer Equipment and Software                  630,140
Office Equipment, Furniture and Fixtures           1,062
Office Building                                    1,735
                                             -----------
                                               4,331,352
Less: Accumulated Depreciation               (1,296,567)
                                             -----------
Net Property and Equipment                    $3,034,786
                                             ===========

          Depreciation  expense  recorded  in  the  statement  of
          operations  for the three months ended March  31,  2001
          was $53,498.

                 GLOBAL INDUSTRIAL SERVICES INC.
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
           FOR THE THREE MONTHS ENDED MARCH 31, 2001


NOTE 6 -LONG-TERM DEBT

          The Company is obligated to First Citizens Bank under a
          60-month  promissory note dated September 30,  1999  in
          the principal amount of $944,030. The FCB consolidation
          loan   was  set  up  in  1999  to  consolidate  several
          capitalized leases along with other notes payable so as
          to  lower the interest rate. The note bears interest at
          a fixed rate of 8.25% with monthly payments of $19,253,
          and  will  be  fully  repaid as of August,  2004.   The
          balance due as of December 31, 2000 was $734,715  (1999
          - $896,004) and at March 31, 2001 it was $691,759.

          The Company is obligated to First Citizens Bank under a
          60-month promissory note dated January 4, 1999  in  the
          principal  amount of $65,165.  The note bears  interest
          at  a  fixed  rate  of 7.75% with monthly  payments  of
          $1,314.   The balance due as of December 31,  2000  was
          $42,992 (1999 - $54,963) and at March 31, 2001  it  was
          $39,932.

          The  First Citizens Bank Operating Line was established
          in  2000 and is for a maximum amount of $100,500.   The
          Operating  Line is secured by all unsecured  inventory,
          accounts  receivable  and equipment.   The  loan  bears
          interest  at  a  fixed rate of 9.25%, and  interest  of
          $3,743  was  paid  on  this loan  for  the  year  ended
          December 31, 2000.  The balance due as of December  31,
          2000  was $59,889 and at March 31, 2001 it was $50,627.
          The due date of the Operating Line is August, 2001.

          The   Center  Capital  Corporation  loan  is  from  the
          purchase  of Foremost drilling rigs in August of  1999.
          This  loan  bears interest of 9.0% per  annum,  and  is
          payable  in monthly installments totaling $61,680   per
          annum.   The  balance due as of December 31,  2000  was
          $272,768,  and at March 31, 2001 it was $263,468.  This
          amount  will  be  fully repaid as of  September,  2006.
          This loan is secured by liens on the drilling rigs  and
          other equipment.

          The Company is obligated to Kettle Drilling under a 12-
          month  promissory  note dated December,  2000,  in  the
          principal  amount of $33,000.  Payments of  $2,750  per
          month  commence in January, 2001, and no  interest  has
          been  paid  or  accrued  as of December  31,  2000,  in
          accordance with the terms of the promissory  note.  The
          note  is non-interest bearing unless payments are late,
          in  which  case  interest is due on  the  late  payment
          amount  at  18%  per annum. As at March 31,  2001,  the
          balance outstanding was $24,750.

          The  Company is obligated to Security Bank under a  60-
          month  promissory note dated November 7,  1996  in  the
          principal  amount of $24,086.  The note bears  interest
          at  a fixed rate of 7.5% with monthly payments of $485.
          The  balance  due  as of December 31, 2000  was  $5,160
          (1999 - $10,353) and at March 31, 2001 it was $3,791.


          The  Company is obligated to Security Bank under a  60-
          month  promissory  note dated April  23,  1996  in  the
          principal  amount of $49,103.  The note bears  interest
          at  a  fixed  rate  of 8.75% with monthly  payments  of
          $1,020.   The balance due as of December 31,  2000  was
          $5,062  (1999 - $16,307) and at March 31, 2001  it  was
          $2,079.

                 GLOBAL INDUSTRIAL SERVICES INC.
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
           FOR THE THREE MONTHS ENDED MARCH 31, 2001


NOTE 8 -COMMITMENTS AND CONTINGENCIES

          Operational Leases
          AK Drilling rents on-site office and living quarters on
          a  per-job basis.  The terms of the leases range from a
          month-to-month to a maximum of a 6-month lease.

          AK  Drilling  leases a drill rig with  support  vehicle
          under  an operating lease which expires in 2002.   This
          lease bears interest of 10.0% per annum, and is payable
          in   monthly   installments   of   $16,652   (including
          interest).

          Stothert leases premises under an operating lease which
          expires  in 2005.  The aggregate minimum annual  rental
          payments over the next five years are CAD $252,000  per
          annum.

          Stothert  has issued standby letters of credit totaling
          $239,600 relating to contracts that completed in  2000.
          These standby letters of credit reduced to $211,800  on
          June 30, 2000 and will expire on December 31, 2002.

         Stothert is currently involved in a dispute with a
         customer regarding the provision of services. The
         dispute is being handled by Stothert's professional
         liability insurers.  Negotiations are in progress to
         settle the claim within the insurance policy limits.


NOTE 10 - GEOGRAPHIC AREAS AND INDUSTRY SEGMENTS

          The   Company  currently  operates  in  two   principal
          segments, engineering services and contract drilling.

          The  Company's  foreign  operations  are  conducted  by
          Global and Stothert.

          For the quarter ended March 31, 2001:

          Revenues from external
          customers
            Drilling                               $  684,633
            Engineering                               607,691
                                                  -----------
                                                  $ 1,292,324
                                                  ===========

          Depreciation and
          amortization:
            Drilling                                 $  41,498
            Engineering                                 12,000
                                                   -----------
                                                     $  53,498
                                                   ===========
                 GLOBAL INDUSTRIAL SERVICES INC.
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
           FOR THE THREE MONTHS ENDED MARCH 31, 2001


NOTE 10 - GEOGRAPHIC AREAS AND INDUSTRY SEGMENTS (Continued)


          Segment loss before taxes:
          Drilling                            $ ( 147,656)
          Engineering                           (  72,551)
          Corporate                            (1,786,238)
                                             -------------
                                              $(2,006,445)
                                             =============

          Segment assets:
          Drilling                             $ 3,481,632
          Engineering                            1,590,416
          Corporate                                715,180
                                             -------------
                                               $ 5,787,228
                                             =============


         The  following  geographic area data for trade  revenues
         is  based  on  product or service delivery location  and
         property,  plant,  and equipment is  based  on  physical
         location.

          Revenues from external customers:
            United States                         $   684,633
            Canada                                    607,691
                                                 ------------
                                                  $ 1,292,324
                                                 ============
          Segment assets:
            United States                         $ 3,481,632
            Canada                                  2,305,596
                                                 ------------
                                                  $ 5,787,228
                                                 ============







ITEM 2.   MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  AND  PLAN   OF
          OPERATIONS

NOTE REGARDING PROJECTIONS AND FORWARD LOOKING STATEMENTS


These statements plan for or  anticipate  the  future.   Forward-
looking statements include  statements about our future  business
plans  and  strategies,  statements  about  our  need for working
capital, future  revenues, results  of  operations and most other
statements  that  are  not historical in nature.  In this Report,
forward-looking  statements are   generally   identified  by  the
words "intend", "plan", "believe", "expect", "estimate", "could",
"may", "will"  and  the  like.   Investors  are  cautioned not to
put  undue  reliance  on forward-looking  statements.  Except  as
otherwise   required   by   applicable   securities   statues  or
regulations,  the   Company disclaims  any  intent  or obligation
to  update  publicly  these forward-looking   statements, whether
as  a   result  of   new information, future events or otherwise.
Because  forward-looking  statements  involve  future  risks  and
uncertainties, these  are factors that could cause actual results
to differ materially from those expressed or implied.

MANAGEMENT'S DISCUSSION AND ANALYSIS AND PLAN OF OPERATIONS


The  following discussion should be read in conjunction  with  the
first quarter consolidated financial statements of the Company and
related  notes  included elsewhere in this Report for  the  period
ended March  31, 2001. All statements contained herein (other than
historical  facts)  including,  but  not  limited  to,  statements
regarding  the  Company's future development plans, the  Company's
ability  to  generate  cash from its operations,  and  any  losses
related  thereto,  are  based  upon  current  expectations.  These
statements are forward looking in nature and involve a  number  of
risks and uncertainties. Actual results may differ materially from
the  anticipated results, or other expectations, expressed in  the
Company's   forward  looking  statements.  Generally,  the   words
"anticipate,"   "believe,"  "estimate,"   "expects,"  and  similar
expressions  as they relate to the Company and/or its  management,
are  intended  to identify forward-looking statements.  Among  the
factors that could cause actual results to differ materially could
be  the inability of the Company to obtain additional financing to
meet  its  capital  requirements, needs and general  business  and
economic conditions as well as technological developments.

The  accompanying  consolidated financial statements  include  the
accounts  of  Global Industrial Services Inc. and its wholly-owned
subsidiaries.   Those  subsidiaries  are  Stothert   Group,   Inc.
("Stothert"),  Stothert's  subsidiaries, AK  Drilling,  Inc.  ("AK
Drilling"), and AK Drilling's subsidiary.

OVERVIEW

The Company has a limited history of operations and no history  of
profitability.  It was incorporated as Charger Ventures   Inc.  on
July  24,  1998 and changed its name to Global Industrial Services
Inc. on March 30, 2000. The Company was organized to engage in any
lawful  corporate  business, including  but  not  limited  to  the
business  of combining and integrating specialized product/service
providers  of  the industrial services industry sector.  Prior  to
December 31, 1999, the Company had no operating history other than
organizational matters. In the second quarter of 2000, the Company
acquired  two  operating  entities  and  is  no  longer   in   the
development stage.

On  April  6, 2000 the Company acquired AK Drilling Inc. from  its
sole  shareholder who remains as the operator of AK Drilling.  The
acquisition  price  was $1,150,000 in cash and  1  million  common
shares  of  the  Company. AK Drilling operates  primarily  in  the
mineral  exploration  and water drilling industry.  At  March  31,
2001,  the  Company owed the shareholder of AK $628,000  (December
31, 2000 - $768,000) of the cash portion of the purchase price. AK
Drilling's  offices  are located in Ramsay,  Montana  and  it  has
projects  throughout the United States and in Peru.   Payments  of
$140,000 were made during the first quarter.

On   April  26,  2000  the  Company  acquired  Stothert  from  its
shareholders  in  consideration for $814,300 in cash  and  227,000
common shares of the Company. At March 31, 2001, the Company  owed
the  Stothert shareholders $546,300 (December 31, 2000 - $546,300)
of  the  cash  portion  of the purchase price.  Stothert  provides
engineering, construction and project management services for  the
pulp  and  paper  industry with particular focus on recausticizing
plants  and  lime  kilns.  Stothert  provides  a  full  range   of
engineering  services  including  feasibility  studies,   detailed
engineering,  due  diligence,  mill  audits,  project   management
services, turnkey supply and construction, operations and training
services,  and project financing. Stothert's corporate  office  is
located  in  Vancouver,  Canada and it has completed  projects  in
several countries.

On  August  16,  2000 the sole stockholder of Passant  Acquisition
Corp. ("Passant"), a Nevada corporation, sold his interest to  the
Company  for $50,000 in cash consideration and Gregory  M.  Wilson
resigned as President, Secretary, Treasurer and Sole Director  and
Terry  Kirby  became a Director, President, Secretary,  Treasurer.
Pursuant to the Agreement and Plan of Reorganization dated  as  of
August  16,  2000  between the Company and  Passant,  all  of  the
outstanding  shares of common stock of Passant were exchanged  for
the sum of $50,000.

During the period, the Company was financed through advances  from
a related company, the balance of which totaled $35,000 at the end
of  the  first quarter, the remainder having been settled  by  the
issuance of stock (December 31, 2000 - $1,111,319; 1999 - Nil). In
addition, 206,667 common shares were sold to raise $75,000 in  the
quarter.  Shares were also issued for payments to contractors  and
employees, in addition to payments for debts owed. 210,000  common
shares were sold during 2000 to raise $160,000.

RESULTS OF OPERATIONS

The  Company was not operating prior to December 31, 1999 and  had
only   incurred  minimal  start-up   expenses  as  of  that  date.
Therefore,  comparing the results of operations  for  the  current
year  to  the  preceding  year would not be  meaningful.  The  two
acquired  companies  results  are reflected  in  the  consolidated
financial statements from the dates of acquisition.

The  first  quarter  total revenues were $1.3  million,  of  which
$684,633 was from drilling services provided and $607,691 was from
engineering services provided. Interest income of $14,997 was also
received  in  the  quarter.  The total operating  expenses  before
general and administration costs of $2,474,621, were $788,285  for
the  quarter, such that a loss of $2,006,445 was recorded for  the
quarter.  The corporate expenses accounted for $121,988 or  6%  of
the  loss. The Company also incurred $951,500 or 47.4% of the loss
in  interest  expense based on the difference between  the  quoted
market  price  of  the Company's common stock and  the  conversion
price  on conversions of debt.  Drilling operations accounted  for
$89,998 or 4.5% of the loss and the engineering services accounted
for  the remaining $72,551 or 3.6% of the loss. The results of the
engineering and drilling operations are expected to improve during
the  second  and third quarters of the year. The corporate  entity
will continue to be a cost center as it undertakes to improve  the
debt  and  equity  structure of the Company and review  additional
acquisition opportunities.

In  the quarter ended March 31, 2000, the total loss, comprised of
general and administration expenses, was $4,000. The drilling  and
engineering  subsidiaries  were  not  acquired  until  the  second
quarter of 2000.


LIQUIDITY AND CAPITAL RESOURCES

The  working capital position of the Company at March 31, 2001 was
a  deficit  of $796,380. This amount includes the loan payable  on
investments  of $1,174,300 which is in the process  of  being  re-
structured. It is expected that the loans on investments  will  be
repaid from operating cash flows or from equity financings.
During  the quarter, the Board of Directors approved the  issuance
of 2,357,000 common shares to pay for services provided by various
outside  contractors. In addition, 2.5 million common shares  were
issued  to employee compensation and bonuses. Debts owing  to  the
related party of $1,479,925 were also settled for 4,849,751 common
shares.

At  December 31, 2000 the Company had working capital of $751,848,
before  the  current portion ($511,581) of the long term  debt  of
$1,435,048, the loan from a related party of $1,111,319,  and  the
debt  owing to the shareholders of AK Drilling and Stothert  which
totaled  $1,314,300.  Including these items  in  working  capital,
there was a working capital deficiency of $2,185,353 at the end of
the year.

As  at  March 31, 2001, the long term debt of $1,382,838 (December
31,  2000 -$1,435,048), which includes the current portion thereof
$502,319  (December 31, 2000 - $511,581), related specifically  to
AK  Drilling.  These  loans  are  generally  for  and  secured  by
equipment  purchases for items such as drill rigs and haul  trucks
and carry interest rates which range from 7.5% to 10%. The related
party  loan  is  from a company related to the  president  of  the
Company  and it is non-interest bearing, unsecured and payable  on
demand.  The  debt owing to the shareholders of  AK  Drilling  and
Stothert  is  due  and  the  Company is in  discussions  with  the
shareholders  to  arrange a form of repayment  for  these  amounts
which it expects to complete in the first half of 2001.

As  the  long  term  debt interest is borne by  AK  Drilling,  the
related party debt carries no interest, and the debt owing on  the
acquisitions  are  being reorganized, the  Company  can  meet  its
current obligations to continue operations. Financing will have to
be  raised  from  other sources to repay the debt to  the  related
party and the debt owing on the acquisitions. The sources that the
Company is currently working on are Company cash flows and  equity
offerings. Although there are no assurances that either  of  these
will  be  adequate  to  eliminated the Company's  working  capital
deficiency,  the  Company believes that  such  financings  can  be
achieved.

The  most  significant  assets of the  Company  are  the  drilling
equipment $3,034,786 (December 31, 2000 - $3,089,461) operated  by
AK Drilling, and the accounts receivable of $857,319 (December 31,
2000   -$1,109,485)  of  which  Stothert  accounts  for   $643,118
(December  31,  2000  -  $471,278) and AK  Drilling  accounts  for
$192,531 (December 31, 2000 - $626,793), and other amounts account
for  $21,670 (December 31, 2000 - $11,414). Goodwill of $1,016,016
was  recorded  on the two acquisitions completed during  2000  and
goodwill  amortization of $50,858 (December 31, 2000  -  $135,975)
was  recorded in the quarter. The goodwill is being amortized over
a five year period.

During 2000, the only equity financing which was completed was  to
raise  $160,000 from the sale of common shares at an average price
of $0.76 per share. The share price of the Company has declined in
the  first  quarter of 2001, as have most stock exchange  indexes,
such  that  raising additional capital from the equity markets  is
more difficult.

OUTLOOK

The  Company  believes its cash on hand and cash  from  operations
will  be  sufficient to maintain its present level of  development
efforts  over  the  next  three  months.  However,  the  Company's
projections  of future cash  needs and cash flows may differ  from
actual  results. The Company plans to complete a private placement
of  equity  securities  to fund possible future  acquisitions  and
working  capital.  The  sale of additional  equity  securities  or
convertible  debt  could  result in  additional  dilution  to  the
stockholders. The Company can give no assurance that  it  will  be
able  to generate adequate funds from operations, that funds  will
be  available  to the Company from debt or equity  financings,  or
that if available, the Company will be able to
obtain  such funds on favorable terms and conditions. The  Company
currently   has  no  definitive  arrangements  with   respect   to
additional financing.

Upon  successful  refinancing of the Company, the growth  strategy
will   continue  with  acquisitions  in  the  industrial  services
industry. The Company has identified acquisition targets and  will
begin  the process of completing such acquisitions later in  2001.
The  target  acquisition companies will most likely be similar  to
those  acquired  in  2000 in terms of size,  industry  focus,  and
profitability.

                   PART II - OTHER INFORMATION

ITEM 1.   LEGAL PROCEEDINGS

The  Company  is  not  a  party  to any  material  pending  legal
proceedings and, to the best of its knowledge, no such action  by
or against the Company has been threatened.

ITEM 2.   CHANGES IN SECURITIES

On  January  24, 2001, the Company issued 116,667 shares  of  its
common  stock  to  an individual pursuant to  an  exemption  from
registration contained in Regulation S of the Securities  Act  of
1933, as amended (the "Act") valued at $0.30 per share.

On  February  20, 2001, the Company issued 40,000 shares  of  its
common  stock  to  an individual pursuant to  an  exemption  from
registration contained in Regulation S of the Act valued at $0.50
per share.

On  February 22, 2001, the Company issued 50,000, shares  of  its
common  stock to an individual pursuant to Rule 506 of Regulation
D of the Act valued at $0.40 per share.

On  February  22, 2001, the Company issued 25,000 shares  of  its
common  stock  to  an individual pursuant to  an  exemption  from
registration contained in Regulation S of the Act.

On  February 22, 2001, the Company issued 500,000 shares  of  its
common  stock  to an individual for founders shares,  which  were
issued  pursuant to an exemption from registration  contained  in
Regulation S of the Act valued at $0.01.

On  February 22, 2001, the Company issued 5,569,751 shares of its
common  stock as a conversion of debt, which were issued pursuant
to  an exemption from registration contained in Regulation  S  of
the Act.

ITEM 4.   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

No such matters were submitted during the most recent quarter.

ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K.

EXHIBITS

3.1  Articles  of  Incorporation for Global Industrial  Services,
     Inc. (incorporated by reference to the Form 10-QSB, filed on
     November 21, 2000)

3.2  Bylaws of Global Industrial Services, Inc. (incorporated by
     reference to the Form 10-QSB, filed on November 21, 2000)

Reports on Form 8-K: None

                           SIGNATURES

Pursuant  to  the  requirements of Section 12 of  the  Securities
Exchange  Act  of  1934,  the Registrant  has  duly  caused  this
registration  statement  to  be  signed  on  its  behalf  by  the
undersigned, thereunto duly authorized.



                           Global Industrial Services, Inc.



                           By: /s/ Terry Kirby
                              Terry Kirby,
                              President/Secretary/Treasurer



                           Date: May 22, 2001